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Strip District Retail Opportunity
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2306 Penn Ave, Pittsburgh, PA 15222

14,608 SF retail space for lease in Strip District.

Space Size6,543 SF
Days on Market183

Property Features for 2306 Penn Ave

General Information

Standard status Active
Size 6,543 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 2306 Penn Ave Contact us

2306 Penn Ave $200,000/Mo

Floor
1
Size
6,543 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
• 14,608 SF For Lease - Former Grocery Use 1st fl. 11,025 SF & 2nd fl. 663 SF plus...
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Listing Agency: Hanna Commercial Real Estate | Pittsburgh
Listed By: Brendan McManus · License #AB050953L
Source: Moodyscre
Added: Mar 27 Changed: Sep 23 Last Checked: Sep 24 at 6:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial Real Estate | Pittsburgh

Investment Insights

Based on property information with market context.

This 14,608 square foot retail space is available for lease. The property, formerly a grocery store, includes 11,025 square feet on the first floor, 663 square feet on the second floor, and a 2,920 square foot mezzanine. Located in the heart of the Strip District, the property offers high visibility. The landlord is willing to subdivide the space along original building lines, offering a left side with 5,880 square feet on the first floor and 663 square feet on the second floor, or a right side with 5,145 square feet on the first floor and a 2,920 square foot mezzanine. An adjacent 4,800 square foot parking lot provides space for 18 cars and includes both an entrance and exit. The property also features a rear loading area with one 10 X 10 overhead door. The Strip District receives over 8.7 million visitors yearly, averaging 726,000 monthly visitors.

Key Highlights

  • High Visibility location in the heart of the Strip District.
  • Large space available: 14,608 SF for lease.
  • Subdividable space along original building lines.

Property Analytics

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Current Use

WFH Oriental Market (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store HVAC Service Nursing Home Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,404
Businesses Nearby
Under-served
Demand for This Use

Demographics for 15222, PA

5,976
Population
4,008
Households
1.5
Avg Household Size
33
Median Age
77%
College-Educated
99%
High-School Grad
0.9 sq mi
ZIP Area
6,640
Density / Sq Mi
$111,926
Median Household Income
$61,190
Median Earnings
$1,963
Median Rent
$557,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Pittsburgh, PA

5.1% 2019
5.5% 2020
5.5% 2021
4.8% 2022
4.6% 2023
4.4% 2024
6.4% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Lotus Food Company — 1649 Penn Ave, Pittsburgh, PA 15222
  • WFH Oriental Market — 2306 Penn Ave, Pittsburgh, PA 15222
  • Many More Asian Market — 2767 Liberty Ave, Pittsburgh, PA 15222

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - 14,608 SF retail space for lease in Strip District.
Where is this grocery and convenience store located?
The property is located at 2306 Penn Ave Pittsburgh, PA.
What is the lease rate?
The lease rate is $200,000.
What are key features of this property?
This property features: High Visibility location in the heart of the Strip District.; Large space available: **14,608 SF for lease.**; Subdividable space along original building lines.
(412) 261-2200 Call to check price and availability
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